A recent report published by Infinium Global Research on end-of-line packaging market provides in-depth analysis of segments and sub-segments in global as well as regional end-of-line packaging market. The study also highlights the impact of drivers, restraints and macro indicators on the global and regional end-of-line packaging market over the short term as well as long term. The report is a comprehensive presentation of trends, forecast and dollar values of global end-of-line packaging market. According to the report, the global end-of-line packaging market is projected to grow at a CAGR of 4.6% over the forecast period of 2018-2024.
End of line packaging assembly is used in the manufacturing or production unit to automating the final leg of packaging prior to the final transportation of goods. This kind of system helps to cater to the increasing needs coming from the end users and ensure seamless functioning of the processes involved. This packaging assembly helps the employers to utilize the available workforce to more value-adding tasks, which results in reduced labor costs along with improved workplace.
Rising need for improving workplace conditions through the adoption of automation is a notable factor to boost the demand for end-of-line packaging solutions. Various end-use industries are adopting this type of packaging system to reduce the cost of packaging and improve the packaging system in their units. Additionally, it helps to combat the changing need for customized package size and different package form of different products. Further, it helps employers to get rid of providing training to packaging employees for a new packaging system, every time.
On the basis of region, the end of the packaging market is fragmented into North America, Europe, Asia, and the Rest of the World (RoW). Europe is the leading player in this market globally, due to the growing demand for different packaging requirements for different new and innovative products. The Asia Pacific is anticipated to experience the highest growth in terms of revenue in the near future. In developing countries, the demand for end-of-line packaging solutions is anticipated to witness a steady growth due to increasing demand for the high degree of automation across various end-use industries to cater the need of new and innovative products’ packaging requirements.
The report on global end-of-line packaging market covers segments such as technology, function, received order type, and end-user. On the basis of technology, the global end-of-line packaging market is categorized into automatic and semi-automatic. On the basis of function, the global end-of-line packaging market is categorized into standalone and integrated. On the basis of received order type, the global end-of-line packaging market is categorized into customized order and standard order. On the basis of end-user, the global end-of-line packaging market is categorized into food & beverages, pharmaceuticals, electronics and semiconductors, automotive, chemical products and consumer products.
The countries covered in the North America region include the U.S., Canada, and Mexico; while Asia-Pacific includes China, Japan, India, South Korea, Malaysia, and among others. Moreover, Germany, U.K., France, Spain, and Rest of Europe are included in the European region.
The U.S. drives the growth in the North America region as it is the largest market in the region. The Asia-pacific region offers substantial potential for the market growth owing to rapid growth in markets such as India and China. The APAC region is projected to experience growth at a CAGR of x.x% over the period of 2018-2024.
The report provides profiles of the companies in the global end-of-line packaging market such as Krones AG, IMA S.p.A., Bosch Packaging Technology, DS Smith plc., Pro Mach, Inc., Combi Packaging Systems LLC, Festo Group, Schneider Packaging Equipment Co. Inc. and Gebo Cermex.
The report provides deep insights on demand forecasts, market trends, and micro and macro indicators. In addition, this report provides insights into the factors that are driving and restraining the global end-of-line packaging market. Moreover, IGR-Growth Matrix analysis given in the report brings insight into the investment areas that existing or new market players can consider. The report provides insights into the market using analytical tools such as Porter's five forces analysis and DRO analysis of end-of-line packaging market. Moreover, the study highlights current market trends and provides forecast from 2018-2024. We also have highlighted future trends in the end-of-line packaging market that will impact the demand during the forecast period. Moreover, the competitive analysis given in each regional market brings insight into the market share of the leading players. This report will help manufacturers, suppliers, and distributors of the end-of-line packaging market to understand the present and future trends in this market and formulate their strategies accordingly.
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